United States Auto Parts Steering Column Market was valued at USD 4.00 Billion in 2022 and is projected to reach USD 7.00 Billion by 2030, growing at a CAGR of 8.00% from 2024 to 2030.
The US Auto Parts Steering Column Market plays a crucial role in the automotive industry, with its growing importance as manufacturers prioritize safety, comfort, and technological integration. The steering column is a vital component in a vehicle’s steering mechanism, linking the steering wheel to the vehicle’s steering system. It has evolved significantly in recent years, driven by advancements in automotive technologies such as electronic power steering, crash safety systems, and driver-assistance technologies.
Today, there is a strong demand for high-performance steering columns across various industries. Automakers, in particular, are focused on improving driver experience by designing columns that integrate seamlessly with airbag systems, electronic controls, and advanced safety features. As the market becomes increasingly competitive, manufacturers are exploring innovative designs and materials that enhance the durability, safety, and functionality of the steering column.
The US Auto Parts Steering Column Market is heavily influenced by the growing trend of electrification in vehicles. Electric power steering (EPS) systems are replacing traditional hydraulic systems, which drives demand for steering columns designed to support these technologies. Furthermore, the rise of autonomous vehicles, which rely on advanced steering control systems, is pushing the development of steering columns that can support the sophisticated functions required for self-driving cars.
In addition to automotive manufacturers, industries such as heavy machinery, agricultural equipment, and recreational vehicles also contribute to the demand for high-quality steering columns. These sectors require durable and reliable steering columns for their specialized applications, such as construction vehicles or agricultural tractors, where heavy-duty performance is essential.
As the market continues to grow, companies are striving to meet the diverse requirements from industries by providing cost-effective, reliable, and technologically advanced steering columns that not only ensure safety but also enhance the overall driving experience. With advancements in design and manufacturing processes, the future of the US Auto Parts Steering Column Market looks promising, driven by the continuous evolution of the automotive industry and the need for smarter, safer, and more efficient vehicles.
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Bosch
ThyssenKrupp
NSK
Continental
Mando
JTEKT Corporation
Coram Group
Nexteer
Fujikiko
Kongsberg Automotive
Yamada
Rane Group
Aisin Corporation
TRW
Hella
Namyang Nexmo
Huhei Henglong Auto System
Schaeffler Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Auto Parts Steering Column Market
Passenger Vehicles
Commercial Vehicles
Heavy-Duty Vehicles
Two-Wheelers
Metal Steering Columns
Plastic Steering Columns
Composite Material Steering Columns
Manual Steering Columns
Power-Assisted Steering Columns
Electronic Steering Columns
Adjustable Steering Columns
Fixed Steering Columns
Collapsible Steering Columns
OEM (Original Equipment Manufacturer)
Aftermarket
Online Retail
Physical Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Auto Parts Steering Column Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Auto Parts Steering Column Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Auto Parts Steering Column Market, By Type
6. US Auto Parts Steering Column Market, By Application
7. US Auto Parts Steering Column Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Auto Parts Steering Column Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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